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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (17894)2/6/2003 12:30:07 AM
From: Archie Meeties  Read Replies (3) of 206182
 
I think the way to own e&p is to buy a basket of those that you like and keep the technically strong/weed the weak. One way to miss a bull is to put all your hopes in just a few small stocks, who may suffer from things unforeseen as their peers race ahead.

But as for PQUE;

Stock has recently suffered from a revision of a well and I think this negative news has shaken out some impatient longs. Same people, however, that had good success earlier. That hasn't changed.

Insider buying since 2002 at around 4, by top insiders, and substantial buys. That is not easy to find and catches my attention. smartmoney.com
I'm happy to be picking them up in the 3.20's.

I think Chandra's 02 reserves are ok, but more importantly I share you opinion that this analyst is cautious and thorough.

PQUE has done something very interesting with their exploration program for 2003. They have weighted the majority of budget for the first 6 months. This, imo, has the potential to avoid drilling into a bust and may allow production to be maximal right as prices are peaking in late fall, early winter. rank speculation of course.

I think we can take our time to accumulate, we might get better prices if a selloff ensues as the war gets underway.

Or has this been discounted? I don't want to find out by chasing these stocks! So my plans are to buy e&p over the next month or so and think of them as a 6-9 month holds.
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